10-Q Filing

VERISIGN INC/CA CIK: 1014473 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001014473-20-000019`
Period End Date	20200331
Filing Date	20200423
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	vrsn-2020331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 36 Cash Flow Statement 52 Stockholders Equity 8

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$498.69M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$508.20M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$639.94M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$709.86M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	353.16M	shares	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$46.86M	USD	Point-in-time
Other Assets, Current	`OtherAssetsCurrent`	$60.53M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	353.58M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	116.72M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.19B	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	115.70M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.28B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$247.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$250.28M	USD	Point-in-time
Goodwill	`Goodwill`	$52.53M	USD	Point-in-time
Goodwill	`Goodwill`	$52.53M	USD	Point-in-time
Deferred Income Tax Assets, Net	`DeferredIncomeTaxAssetsNet`	$84.39M	USD	Point-in-time
Deferred Income Tax Assets, Net	`DeferredIncomeTaxAssetsNet`	$87.80M	USD	Point-in-time
Deposits to acquire Intangible Assets	`DepositsAssetsNoncurrent`	$145.00M	USD	Point-in-time
Deposits to acquire Intangible Assets	`DepositsAssetsNoncurrent`	$145.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$39.81M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$38.69M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$575.42M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$568.37M	USD	Point-in-time
Total assets	`Assets`	$1.75B	USD	Point-in-time
Total assets	`Assets`	$1.85B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$209.99M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$180.01M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$755.18M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$775.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$955.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$965.17M	USD	Point-in-time
Long-term deferred revenues	`DeferredRevenueNoncurrent`	$278.70M	USD	Point-in-time
Long-term deferred revenues	`DeferredRevenueNoncurrent`	$281.03M	USD	Point-in-time
Senior Notes	`SeniorLongTermNotes`	$1.79B	USD	Point-in-time
Senior Notes	`SeniorLongTermNotes`	$1.79B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$312.68M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$138.08M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.38B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.21B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.34B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.16B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock-par value $.001 per share	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock-par value $.001 per share	`PreferredStockValue`	-	USD	Point-in-time
Common Stocks, Including Additional Paid in Capital	`CommonStocksIncludingAdditionalPaidInCapital`	$14.73B	USD	Point-in-time
Common Stocks, Including Additional Paid in Capital	`CommonStocksIncludingAdditionalPaidInCapital`	$14.99B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.48B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.14B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-358.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.62M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.41B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.49B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.39B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.41B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.85B	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.75B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$306.41M	USD	1 Quarter
Revenues	`Revenues`	$312.52M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$45.50M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$45.57M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$6.60M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.52M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$16.13M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$17.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$34.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$36.73M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$106.26M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$106.16M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$200.25M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$206.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$22.63M	USD	1 Quarter
Interest expense	`InterestExpense`	$22.54M	USD	1 Quarter
Non-operating income (loss), net	`NonoperatingGainsLosses`	$12.20M	USD	1 Quarter
Non-operating income (loss), net	`NonoperatingGainsLosses`	$7.08M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$189.82M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$190.81M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-143.30M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$27.30M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$162.53M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$334.12M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$49.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$2.26M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$162.58M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$336.38M	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.87	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.36	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.86	USD	1 Quarter
Net Income	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.35	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	116.38M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	119.76M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.73M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	120.32M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$334.12M	USD	1 Quarter
Net income	`ProfitLoss`	$162.53M	USD	1 Quarter
Depreciation of property and equipment	`DepreciationAndAmortization`	$11.23M	USD	1 Quarter
Depreciation of property and equipment	`DepreciationAndAmortization`	$11.59M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$11.44M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$12.46M	USD	1 Quarter
Accretion (Amortization) of Discounts and Premiums, Investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$3.00M	USD	1 Quarter
Accretion (Amortization) of Discounts and Premiums, Investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$3.85M	USD	1 Quarter
Other Noncash Income (Expense)	`OtherNoncashIncomeExpense`	$-1.69M	USD	1 Quarter
Other Noncash Income (Expense)	`OtherNoncashIncomeExpense`	$147.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$226.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-28.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-27.41M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-31.61M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$22.81M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$29.22M	USD	1 Quarter
Deferred Income Taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-7.37M	USD	1 Quarter
Deferred Income Taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$170.84M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$187.33M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$180.06M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$939.56M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$805.75M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$730.51M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$496.78M	USD	1 Quarter
Payments for (Proceeds from) Businesses and Interest in Affiliates	`PaymentsForProceedsFromBusinessesAndInterestInAffiliates`	$2.96M	USD	1 Quarter
Payments for (Proceeds from) Businesses and Interest in Affiliates	`PaymentsForProceedsFromBusinessesAndInterestInAffiliates`	$-14.86M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.13M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.01M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$430.69M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$79.08M	USD	1 Quarter
Proceeds from employee stock purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$8.25M	USD	1 Quarter
Proceeds from employee stock purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$8.30M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$204.30M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$275.62M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-267.33M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-196.05M	USD	1 Quarter
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$255.00K	USD	1 Quarter
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.32M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-9.50M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$422.23M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$517.60M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$508.10M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$366.75M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$788.98M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$517.60M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$508.10M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$366.75M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$788.98M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$13.15M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$13.06M	USD	1 Quarter
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$15.91M	USD	1 Quarter
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$14.19M	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Deficit	`StockholdersEquity`	$-1.41B	USD	Point-in-time
Stockholders' Deficit	`StockholdersEquity`	$-1.49B	USD	Point-in-time
Stockholders' Deficit	`StockholdersEquity`	$-1.39B	USD	Point-in-time
Stockholders' Deficit	`StockholdersEquity`	$-1.41B	USD	Point-in-time
Net Income	`ProfitLoss`	$334.12M	USD	1 Quarter
Net Income	`ProfitLoss`	$162.53M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$49.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$2.26M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.